SHIB/USDT – 1H – SELLThe combination Shiba Inu/Tether (SHIB/USDT) jumps from the ascending trendline downwards
A bearish descent downwards to the next support at 0.000014220 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.000015780 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.000017650 |
| 2nd High | 0.000016000 |
| Next High | 0.000015780 |
| Current Price | 0.000015070 |
| Next Low | 0.000014220 |
| 2nd Low | 0.000013870 |
| 3rd Low | 0.000012750 |
0.000015780 – 0.000014850 – 0.000013830 – 0.000014220 – 0.000013870 – 0.000012750
Trading Signals: FOREX – SHIB – SHIB/USDT – USDT – Northern Doji –